North Carolina
Department of State Treasurer
Financial Information
Town of Princeton

Financial Profile | General Fund | Enterprise Funds | Cash, Investments and Financing
Annual Financial Information Report Detail | Water/Sewer Information
Financial Graphs and Comparisons
Download Excel 97 Version of Financial Summary

Institute of Government North Carolina Cities Web Site

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Note: All data unless otherwise specified is for the 12 month period ending June, 30th of the designated year

Municipality Revenues and Expenditures Financial Profile Go to top of page			2011	2010	2009	2008	2007	2006
	Revenues by Source
		Property Tax	$340,316	342,419	330,324	290,168	264,423	257,860
		Utility	559,129	540,252	499,288	492,932	544,559	534,251
		Sales Tax	120,700	98,834	101,281	109,877	113,461	100,105
		Sales & Services	120,830	112,093	108,728	97,200	100,167	88,491
		Intergovernmental	127,053	125,002	107,199	126,851	482,600	441,623
		Debt Proceeds	7,723	-	-	-	-	-
		Other Miscellaneous	29,684	44,337	62,360	33,509	80,198	126,415
		Total	$1,305,435	1,262,937	1,209,180	1,150,537	1,585,408	1,548,745

	Expenditures by Function
		Utility	$424,490	372,336	553,375	552,997	419,298	546,924
		Debt Service	184,902	200,002	112,936	113,907	78,836	117,894
		Transportation	104,435	150,254	94,959	183,082	76,119	58,041
		General Government	154,881	137,384	152,954	159,710	618,980	585,907
		Public Safety	305,515	266,314	312,054	260,974	252,712	248,888
		Other	125,103	148,218	143,225	147,408	242,079	359,908
		Total	$1,299,326	1,274,508	1,369,503	1,418,078	1,688,024	1,917,562

	Expenditures by Object
		Salaries & Wages	$477,874	397,641	399,585	352,676	317,526	311,463
		Capital Outlay	29,742	51,002	41,258	102,813	627,562	898,415
		Other Operating + Debt Service	791,710	825,865	928,660	962,589	742,936	707,684
		Total	$1,299,326	1,274,508	1,369,503	1,418,078	1,688,024	1,917,562


	Per Capita Revenues by Source
		Property Tax	$283	237	240	231	216	215
		Utility	465	374	363	392	444	445
		Sales Tax	100	68	74	88	92	83
		Sales & Services	100	78	79	77	82	74
		Intergovernmental	106	87	78	101	393	368
		Debt Proceeds	6	-	-	-	-	-
		Other Miscellaneous	25	31	45	27	65	105
		Total	$1,085	875	879	916	1,292	1,290

	Per Capita Expenditures by Function
		Utility	$353	258	402	440	342	455
		Debt Service	154	139	82	91	64	98
		Transportation	87	104	69	146	62	48
		General Government	128	94	111	127	505	489
		Public Safety	254	185	227	208	206	207
		Other	104	103	104	117	197	300
		Total	$1,080	883	995	1,129	1,376	1,597

	Per Capita Expenditures by Object
		Salaries & Wages	$397	276	290	281	259	259
		Capital Outlay	25	35	30	82	511	748
		Other Operating	658	572	675	766	606	590
		Total	$1,080	883	995	1,129	1,376	1,597

	Population Group		No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Number of Municipalites in Group	102	96	100	101	101	103
		Average Population In Group	1,623	1,660	1,652	1,661	1,642	1,638
		Town of Princeton Population	1,203	1,443	1,376	1,256	1,227	1,201
	Group Average Per Capita Revenues by Source
		Property Tax	433	414	422	406	369	348
		Utility	472	435	436	423	430	399
		Sales Tax	154	153	178	201	195	180
		Sales & Services	103	82	76	80	77	71
		Intergovernmental	274	233	228	217	220	243
		Debt Proceeds	36	39	33	46	38	46
		Other Miscellaneous	100	129	162	261	203	273
		Total	1,572	1,485	1,535	1,634	1,532	1,560

	Group Average Per Capita Expenditures by Function
		Utility	465	499	531	572	461	487
		Debt Service	139	130	154	126	110	108
		Transportation	148	142	148	140	142	131
		General Government	239	204	216	265	201	222
		Public Safety	391	348	350	384	346	326
		Other	197	177	201	203	206	205
		Total	1,579	1,500	1,600	1,690	1,466	1,479

	Group Average Per Capita Expenditures by Object
		Salaries & Wages	527	465	480	450	427	402
		Capital Outlay	244	258	302	483	305	373
		Other Operating	808	777	818	757	733	704
		Total	1,579	1,500	1,600	1,690	1,465	1,479


General Fund Go to top of page			2011	2010	2009	2008	2007	2006
	General Fund revenues		$741,692	698,079	686,317	656,438	601,302	565,376
	General Fund expenditures		739,771	747,307	739,312	787,294	628,158	612,425
	Operating transfers in		-	15,000	-	19,357	-	-
	Operating transfers out		-	-	-	-	-	-
	Capital leases and installment purchase proceeds		-	21,000	25,200	-	-	-
	Other items		3,012	7,413	-	-	37,820	-
	Excess of revenues and other sources over (under) expenditures and other uses		4,933	(5,815)	(27,795)	(111,499)	10,964	(47,049)

	Fund balance available (FBA):
		In dollars	$121,825	137,732	147,157	178,322	287,821	284,722
		FBA as a % of GF Net Expenditures:
		Unit's FBA %	16.47	18.96	20.61	22.65	45.82	46.49
		Group weighted average FBA %	73.24	66.79	66.05	62.44	65.48	64.58
		State weighted average Non-Electric Group	26.68	38.71	37.89	36.66	37.39	37.38
		State weighted average FBA %	29.01	37.47	37.03	36.35	36.54	36.96


Enterprise Funds: Go to top of page
	Water/Sewer

	Combined financial results:
		Working capital	($146,291)	(94,332)	(54,980)	(162,162)	199,834	162,655
		Quick ratio	0.29	0.36	0.65	0.84	3.17	2.85
		Net income	(88,232)	(95,466)	155,626	79,830	(18,303)	179,477
		Cashflow from operations	182,084	210,365	(531,934)	46,481	90,949	174,488
		Depreciation & Amortization Expense	167,479	173,944	143,910	123,261	122,842	116,761



Cash, Investments and Financing Go to top of page			2011	2010	2009	2008	2007	2006

		Population at July 1st of the Previous Year	1,203	1,443	1,376	1,256	1,227	1,201
		Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
		Cash &Investments	$159,740	$162,325	$218,229	$1,037,313	$475,579	$357,858
		Investment Earnings	143	293	4,451	14,037	30,922	19,951
		Tax Rate Equivalent	0.0002	0.0005	0.0082	0.0270	0.0639	0.0424
		Tax Rate Equivalent Group weighted average	0.0031	0.0045	0.0131	0.0261	0.0409	0.0283
		Tax Rate Equivalent Statewide weighted average	0.0156	0.0247	0.0133	0.0524	0.0920	0.0573
		Latest year of Revaluation	2003	2003	2003	2003	2003	2003
		January 1, Prior Year Assessed Valuation	$62,256,737	59,556,625	54,570,306	51,962,506	48,420,670	47,086,131
		Tax Rate	0.5600	0.5600	0.5600	0.5500	0.5400	0.5400
		Tax Rate Group weighted average	0.2777	0.2970	0.2983	0.2860	0.3424	0.3297
		Tax Rate State Wide	0.4122	0.4090	0.4262	0.4238	0.4450	0.4321
		Assessment -to-Sales Ratio	98.69	90.05	85.55	89.26	91.71	97.04
		Assessment -to-Sales Ratio Group weighted average	100.82	97.69	86.77	88.94	79.96	85.71
		Assessment -to-Sales Ratio Statewide	101.47	98.27	90.81	88.53	88.41	92.28
		Assessed Valuation Adjusted for Assesment to Sales Ratio	$63,083,126	66,137,285	63,787,617	58,214,773	52,797,590	48,522,394
		EffectiveTax Rate	0.5527	0.5043	0.4791	0.4909	0.4952	0.5240
		Group weighted average Effective Tax Rate	0.2800	0.2901	0.2589	0.2544	0.2737	0.2826
		Statewide weighted average Effective Tax Rate	0.4183	0.4020	0.3870	0.3752	0.3934	0.3987
		Percent Collected	98.3600	94.8400	98.4200	98.4700	97.9600	97.6800
		Percent Collected Group weighted average	96.53	95.37	95.99	96.86	97.18	96.94
		Percent Collected Statewide	97.59	97.36	97.34	97.56	97.58	97.55
		Percent Collected Excluding Motor Vehicles	99.64	95.60	99.57	99.69	99.47	99.28
		Percent Collected Excluding Motor Vehicles Group weighted average	97.18	95.99	96.67	97.78	98.01	97.76
		Percent Collected Excluding Motor Vehicles Statewide weighted average	98.35	98.23	98.30	98.65	98.59	98.61
		Percent Collected Motor Vehicles Only	85.79	87.55	87.77	88.59	87.26	86.51
		Percent Collected Motor Vehicles Only Group weighted average	84.33	85.45	84.60	85.16	86.07	85.54
		Percent Collected Motor Vehicles Only Statewide weighted average	87.28	86.34	86.55	86.74	86.71	86.80
		Tax Uncollected	32,554	47,436	30,944	32,262	34,222	34,077
		Tax Rate Equivalent	0.0523	0.0796	0.0567	0.0621	0.0707	0.0724
		Dominant County: Johnston
	Debt Information
		Population Group	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499	1,000 to 2,499
		Ratings:
		Fitch
		Moody's
		S & P

		General Obligation Debt (GO) where the taxing power of the entrire municipality is pledged to pay the obligation
		Enterprise GO Debt	$226,700	247,400	268,100	288,800	309,500	330,200
		General Government GO Debt	0	0	0	0	0	0
		Total General Obligation Debt	226,700	247,400	268,100	288,800	309,500	330,200
		Per Capita	$188	171	195	230	252	275
		Total Per Capita for the Population Group	236	256	265	277	294	297
		Total Per Capita Statewide	450	449	455	456	478	495
		Total per Assessed Valuation Adjusted for Current Year Sales	0.3594%	0.3741%	0.4203%	0.4961%	0.5862%	0.6805%
		Total per Assessed Valuation Adjusted for Current Year Sales- Group Average	0.1642%	0.1838%	0.1750%	0.1852%	0.2336%	0.2606%
		Total per Assessed Valuation Adjusted for Current Year Sales - Statewide	0.4280%	0.4134%	0.3909%	0.4132%	0.4706%	0.5275%
		Total Authorized but not Issued General Obligation Debt

		Installment Sales Purchases and Lease Obligations
		--Enterprise	$484,978	521,816	553,041	949,891	170,103	182,705
		--General Government	0	0	0	0	0	893,413
		Total*	$484,978	521,816	553,041	949,891	170,103	1,076,118
		* The total only includes the contracts that require Local Government Commission approval.
		Revenue Bond Debt	$0	0	0	0	0	0


Annual Financial Information Report Detail Go to top of page
Line	Section	Description	2011	2010	2009	2008	2007	2006
	Population at July 1st of the Previous Year Adjusted for Boundry Changes		1,203	1,443	1,376	1,256	1,227	1,201

1.5A	FISCAL	Governmental Activities Assets	1,405,905	1,565,929	1,659,976	1,742,219	1,897,580	2,005,640
1.5B	SUMMARY	Governmental Activities Liabilities	607,432	626,609	663,820	649,013	640,560	922,927
3.5A		Business Type Activities Assets	4,235,706	4,331,019	4,473,068	4,835,635	3,472,932	3,238,848
3.5B		Business Type Activities Liabilties	1,630,056	1,637,137	1,683,720	2,201,913	919,040	952,183
6.5A		Fiduciary Funds Assets
6.5B		Fiduciary Funds Liabilties
10.0	PART 2	Current Collections of Unit -Wide Levy	333,752	335,853	298,992	282,254	261,046	252,500
11.0	TAX	Current Collections of Special Tax Districts
12.0	REVENUES	Prior Years' Levy Collections	4,439	4,193	28,975	5,064	1,413	3,856
13.0		Penalties and Interest	2,125	2,373	2,357	2,850	1,964	1,504
14.0		Collections of Taxes Previously Written Off
15.0		Animal Tax	42	116	74	20	102	145
15.1		Solid Waste Disposal Tax	979	962	585
16.0		1% Local Government Option Sales Tax	41,817	36,299	39,475	39,682	44,091	39,661
17.0		1/2% Local Government Option Sales Tax (40)	28,243	22,946	24,219	25,144	24,556	21,121
18.0		1/2% Local Government Option Sales Tax (42)	21,693	20,348	24,024	24,956	24,362	20,981
18.5		1/2% Local Government Option Sales Tax (44)	28,947	19,241	13,563	20,095	20,452	18,342
19.0		Privilege Licenses	2,153	1,957	2,078	1,168	1,043	974
19.2		Privilege -- All other privileges and pemits
20.0		Auto Licenses
21.0		Vehicle Tax for Public Transportation
22.0		Other Licenses	181	151	201	194	2,234	2,523
23.0		Local Occupancy Tax
24.0		Prepared Food Tax
25.0		911 Charges
26.0		Gross Short Term lease and Rental Tax
27.0	FEDERAL	Payments In Lieu of Taxes - Federal
28.0	INTERGOV	Equitable Sharing of Fed. Forfeited Prop.
29.0	REVENUES	General Government
30.0		Public Safety
31.0		Transportation - Streets
32.0		Transportation - All Other
33.0		Environmental Protection						180,568
34.0		Econ. & Phys. Dev. - Housing/Comm. Dev.
35.0		Econ. & Phys. Dev. - All Other					300,000
36.0		Human Services: Health, Mental Hlt & Hosp
37.0		Human Services: All Other					13,331
38.0		Culture & Recreation	1,345
39.0	STATE	Payments In Lieu of Taxes - State
40.0	INTERGOV	Unauthorized Substance Tax
41.0	REVENUES	Transitional Hold Harmless
42.0		Wireless Enhanced 911 Service Charges
42.1		Emergency Telephone Services Fund (ETSF) Revenues (Do not include interest)
42.2		ETSF Interest Income
43.0		Piped Natural Gas Charge Distribution
44.0		Utility Franchise Tax	67,127	81,224	59,367	53,376	49,084	46,835
45.0		Beer and Wine Tax	6,360	2,012	5,641	5,652	5,427	5,208
46.0		Powell Bill	40,971	40,011	41,781	45,895	40,160	39,673
50.0		Court Fees - Facilities and Arrest Fees	430	424	410	605
51.0		General Government
52.0		Public Safety	9,920			8,232
53.0		Transportation - Streets
54.0		Transportation - All Other
55.0		Environmental Protection				13,091
56.0		Econ. & Phys. Dev. - Housing/Community Dev
57.0		Econ. & Phys. Dev. - All Other
58.0		Human Services -Health, Mental Health, Hosp
59.0		Human Services - All Other
60.0		Culture and Recreation	900	1,331			54,137	163,101
61.0	LOCAL	Payments in Lieu of Taxes - Local
62.0	INTERGOV	General Government					20,461
63.0	REVENUES	Public Safety
64.0		Transportation - Streets
65.0		Transportation - All Other						6,238
66.0		Environmental Protection
67.0		Economic and Physical Development
68.0		Human Services - Health, Mental Hlt & Hosp
69.0		Human Services - All Other
70.0		Culture and Recreation					1,685	97,862
71.0	PERMITS	Building Permits	16,761	1,112	3,881	2,768	2,222	1,152
72.0	& FEES	Inspection Fees	2,495	7,218	19,694	9,339
72.1		Amusements licensing and permit taxes
73.0		Other Permits	3,557	663
74.0	SALES &	Parking Revenues
75.0	SERVICES	Rents and Royalties
76.0		Airport
77.0		Fire Protection Charges
78.0		Solid Waste	114,949	111,430	108,728	97,200	100,167	88,491
79.0		Ambulance and Rescue Squad Charges
80.0		Cemeteries
81.0		Recreation Service Revenues
82.0		Library Service Revenues
83.0		Other Cultural and Rec Service Revenues	2,324
84.0		Mass Transit - City Operated
85.0		Other Sales and Services	5,163	2,895	3,196	3,803	4,643
86.0	UTILITY	Water and Sewer Charges	553,966	537,357	496,092	489,129	539,916	534,251
87.0	REVENUES	Electric Charges
88.0		Gas Charges
88.1		Storm Water Fees
89.0	MISC.	Investment Earnings - Bond Proceeds
90.0	REVENUES	Investment Earnings - All Other Funds	143	293	4,451	14,037	30,922	19,951
91.0		Special Assessments
92.0		Private Contributions and Donations
93.0		Sales of Materials and Fixed Assets	3,012	7,413			37,820
94.0		Sale of Real Property
95.0		Nongovt Contr For Streets & Traffic Signals
96.0		ABC Mixed Drink Surcharge
97.0		ABC Profit Distribution	4,897	5,077	6,781	5,983	4,170	3,808
98.0		Other Miscellaneous Revenues	7,723
99.0		Proceeds of Sale of Bonds and Notes
100.0		Proceeds of Capital Leases/Install Purchases		21,000	25,200
101.0		Other			318,903	19,357
102.0	NON-REV	School - Current Levy Collections
103.0	RECEIPTS	Prior Years' Levy Collections
104.0		Tax Collections for Other Units
105.0		Utilities Customer's Deposits	937	930	335	3,920	-965	1,109
106.0		Deposits Other than Utility
107.0		Prepaid Taxes
108.0		Prepaid Privilege Licenses			776
109A	PART 4	Governing Body - Salaries & Wages	6,829		5,652	6,782	6,300	6,300
109B	GENERAL	Governing Body - Other Direct
109C	GOVT	Governing Body - Construction
109D		Governing Body - Purchase of P,P&E
110A		Administration - Salaries & Wages	60,431	54,670	66,018	62,584	51,593	55,606
110B		Administration - Other Direct	68,712	60,991	61,370	67,899	20,170	16,352
110C		Administration - Construction
110D		Administration - Purchase of P,P&E		849		1,185	14,175	5,425
111A		Elections - Salaries & Wages
111B		Elections - Other Direct
111C		Elections - Construction
111D		Elections - Purchase of P,P&E
112A		Finance - Salaries & Wages
112B		Finance - Other Direct					43,096	49,624
112C		Finance - Construction
112D		Finance - Purchase of P,P&E
113A		Taxes - Salaries & Wages
113B		Taxes - Other Direct	6,645	6,925	6,819	5,641	5,140	4,937
113C		Taxes - Construction
113D		Taxes - Purchase of P,P&E
114A		Legal - Salaries & Wages
114B		Legal - Other Direct	760	1,058	1,438	4,361	9,164	642
114C		Legal - Construction
114D		Legal - Purchase of P,P&E
115A		Public Buildings - Salaries & Wages
115B		Public Buildings - Other Direct	11,504	12,891	11,657	11,258	7,713	3,647
115C		Public Buildings - Construction
115D		Public Buildings - Purchase of P,P&E					461,629	443,374
116A		Court Facilities - Salaries & Wages
116B		Court Facilities - Other Direct
116C		Court Facilities - Construction
116D		Court Facilities - Purchase of P,P&E
117A		Central Services - Salaries & Wages
117B		Central Services - Other Direct
117C		Central Services - Construction
117D		Central Services - Purchase of P,P&E
118A		Gen. Govt. All Other - Salaries & Wages
118B		Gen. Govt. All Other - Other Direct
118C		Gen. Govt. All Other - Construction
118D		Gen. Govt. All Other - Purchase of P,P&E
119A	PUBLIC	Police & Comm - Traffic Control - Salaries and Wages	200,480	195,387	206,187	181,524	185,113	186,260
119B	SAFETY	Police & Comm - Traffic Control - Other Direct	47,963	33,738	56,606	33,199	34,872	19,658
119C		Police & Comm - Traffic Control - Construction
119D		Police & Comm - Traffic Control - Purchase of P,P&E	7,663			13,684	1,058	12,461
120A		Emergency Communications - Salaries & Wages
120B		Emergency Communications - Other Direct
120C		Emergency Communications - Construction
120D		Emergency Communications - Purchase of P,P&E
120B		Emergency Telephone Service Fund (ETSF) Expenditures - Operating
120C		ETSF Expenditures - Capital Construction
120D		ETSF Expenditures - Capital Purchases
121A		Emergency Mgmt - Salaries & Wages
121B		Emergency Mgmt - Other Direct
121C		Emergency Mgmt - Construction
121D		Emergency Mgmt - Purchase of P,P&E
122A		Fire - Salaries & Wages
122B		Fire - Other Direct	31,307	30,426	30,466	27,250	25,531	24,522
122C		Fire - Construction
122D		Fire - Purchase of P,P&E
123A		Inspectors - Salaries & Wages
123B		Inspectors - Other Direct	13,058		13,411
123C		Inspectors - Construction
123D		Inspectors - Purchase of P,P&E
124A		Rescue Units - Salaries & Wages
124B		Rescue Units - Other Direct
124C		Rescue Units - Construction
124D		Rescue Units - Purchase of P,P&E
125A		Animal Control - Salaries & Wages
125B		Animal Control - Other Direct
125C		Animal Control - Construction
125D		Animal Control - Purchase of P,P&E
126A		Pub. Safety All Other - Salaries & Wages
126B		Pub. Safety All Other - Other Direct
126C		Pub. Safety All Other - Construction
126D		Pub. Safety All Other - Purchase of P,P&E
127A	TRANSPOR	Traffic Engineering - Salaries & Wages
127B	TATION	Traffic Engineering - Other Direct
127C		Traffic Engineering - Construction
127D		Traffic Engineering - Purchase of P,P&E
128A		Streets and Highways - Salaries & Wages	33,120	50,343	37,617	43,521	9,990	7,477
128B		Streets and Highways - Other Direct	34,415	32,067	3,683	11,044	19,332	29,885
128C		Streets and Highways - Construction
128D		Streets and Highways - Purchase of P,P&E			11,523
129A		Street Cleaning - Salaries & Wages
129B		Street Cleaning - Other Direct
129C		Street Cleaning - Construction
129D		Street Cleaning - Purchase of P,P&E
130A		Powell Bill - Salaries & Wages					20,064	18,779
130B		Powell Bill - Other Direct	25,579	67,844	42,136	128,517	26,733	1,900
130C		Powell Bill - Construction
130D		Powell Bill - Purchase of P,P&E	11,321
131A		Parking Facilities - Salaries & Wages
131B		Parking Facilities - Other Direct
131C		Parking Facilities - Construction
131D		Parking Facilities - Purchase of P,P&E
132A		Mass Transit - City - Salaries & Wages
132B		Mass Transit - City - Other Direct
132C		Mass Transit - City - Construction
132D		Mass Transit - City - Purchase of P,P&E
133B		Mass Transit - Private - Other Direct
134A		Airport - Salaries & Wages
134B		Airport - Other Direct
134C		Airport - Construction
134D		Airport - Purchase of P,P&E
135A		Transpor. All Other - Salaries & Wages
135B		Transpor. All Other - Other Direct
135C		Transpor. All Other - Construction
135D		Transpor. All Other - Purchase of P,P&E
136A	ENVIRON	Solid Waste - Salaries & Wages	19,641	28,160	40,680	30,725	19,932	18,262
136B	MENTAL	Solid Waste - Other Direct	103,385	89,418	93,251	91,961	84,488	78,395
136C	PROTECTION	Solid Waste - Construction
136D		Solid Waste - Purchase of P,P&E		26,000			14,546	8,706
137A		Drainage & Watershed - Salaries & Wages
137B		Drainage & Watershed - Other Direct
137C		Drainage & Watershed - Construction
137D		Drainage & Watershed - Purchase of P,P&E
138A		Cemeteries - Salaries & Wages
138B		Cemeteries - Other Direct
138C		Cemeteries - Construction
138D		Cemeteries - Purchase of P,P&E
139A		Environ. All Other - Salaries & Wages
139B		Environ. All Other - Other Direct
139C		Environ. All Other - Construction
139D		Environ. All Other - Purchase of P,P&E
140A	ECONOMIC	Planning & Zoning - Salaries & Wages
140B	& PHYSICAL	Planning & Zoning - Other Direct
140C	DEVELOP	Planning & Zoning - Construction
140D		Planning & Zoning - Purchase of P,P&E
141A		Economic Development - Salaries & Wages
141B		Economic Development - Other Direct
141C		Economic Development - Construction
141D		Economic Development - Purchase of P,P&E
142A		Community Development - Salaries & Wages
142B		Community Development - Other Direct
142C		Community Development - Construction
142D		Community Development - Purchase of P,P&E
143A		Housing & Urban Renewal - Salaries & Wages
143B		Housing & Urban Renewal - Other Direct
143C		Housing & Urban Renewal - Construction
143D		Housing & Urban Renewal - Purchase of P,P&E
144A		Special Empl Programs - Salaries & Wages
144B		Special Empl Programs - Other Direct
144C		Special Empl Programs - Construction
144D		Special Empl Programs - Purchase of P,P&E
145A		Econ. Dev. All Other - Salaries & Wages
145B		Econ. Dev. All Other - Other Direct
145C		Econ. Dev. All Other - Construction
145D		Econ. Dev. All Other - Purchase of P,P&E
146A	HUMAN	Health - Salaries & Wages
146B	SERVICES	Health - Other Direct
146C		Health - Construction
146D		Health - Purchase of P,P&E
147A		Mental Health - Salaries & Wages
147B		Mental Health - Other Direct
147C		Mental Health - Construction
147D		Mental Health - Purchase of P,P&E
148A		Social Services - Salaries & Wages
148B		Social Services - Other Direct
148C		Social Services - Construction
148D		Social Services - Purchase of P,P&E
149B		Hospital-City - Other Direct
150B		Hospital-Private - Other Direct
151A		Legal Aid - Salaries & Wages
151B		Legal Aid - Other Direct
151C		Legal Aid - Construction
151D		Legal Aid - Purchase of P,P&E
152A		Human Serv. All Other - Salaries & Wages
152B		Human Serv. All Other - Other Direct
152C		Human Serv. All Other - Construction
152D		Human Serv. All Other - Purchase of P,P&E
153A	CULTURE	Recreation & Parks - Salaries & Wages
153B	RECREATION	Recreation & Parks - Other Direct	2,077	4,640	7,098	7,753	2,549	1,600
153C		Recreation & Parks - Construction
153D		Recreation & Parks - Purchase of P,P&E			2,196	16,969	120,564	252,945
154A		Coliseum - Salaries & Wages
154B		Coliseum - Other Direct
154C		Coliseum - Construction
154D		Coliseum - Purchase of P,P&E
155A		Museums - Salaries & Wages
155B		Museums - Other Direct
155C		Museums - Construction
155D		Museums - Purchase of P,P&E
156A		Libraries - Salaries & Wages
156B		Libraries - Other Direct
156C		Libraries - Construction
156D		Libraries - Purchase of P,P&E
157A		Cult. & Recr. All Other - Salaries & Wages
157B		Cult. & Recr. All Other - Other Direct
157C		Cult. & Recr. All Other - Construction
157D		Cult. & Recr. All Other - Purchase of P,P&E
158A	UTILITY	Water & Sewer - Salaries & Wages	157,373	69,081	43,431	27,540	24,534	18,779
158B		Water & Sewer - Other Direct	256,359	279,102	482,405	454,482	379,174	352,641
158C		Water & Sewer - Construction					14,391	175,504
158D		Water & Sewer - Purchase of P,P&E	10,758	24,153	27,539	70,975	1,199
159A		Electric Power - Salaries & Wages
159B		Electric Power - Other Direct
159C		Electric Power - Construction
159D		Electric Power - Purchase of P,P&E
160A		Natural Gas - Salaries & Wages
160B		Natural Gas - Other Direct
160C		Natural Gas - Construction
160D		Natural Gas - Purchase of P,P&E
161.1A		Storm Water - Salaries & Wages
161.1B		Storm Water - Other Direct
161.1C		Storm Water - Construction
161.1D		Storm Water - Purchase of P,P&E
161B	DEBT	Water & Sewer - Interest & Fees	63,476	96,089	38,082	39,872	41,703	89,471
161D	SERVICE	Water & Sewer - Principal	71,589	58,776	38,734	37,915	37,133	28,423
162B		Electric - Interest & Fees
162D		Electric - Principal
163B		Gas - Interest & Fees
163D		Gas - Principal
164B		School - Interest & Fees
164D		School - Principal
165B		Hospital - Interest & Fees
165D		Hospital - Principal
166B		All Other - Interest & Fees	13,717	26,019	25,858	25,858
166D		All Other - Principal	36,120	19,118	10,262	10,262
167B	PENSION	Direct Benefit Program - Other Direct
168B	FRINGE	Fringe Benefits Unallocated
169B		Separation Allowance - Law Enforcement
170B		Separation Allowance - Other Employees
171B		Supplemental Retirement - Law Enforcement	5,044	6,763	5,384	5,317	6,138	5,987
172B		Fringe Benefits Other
173A	INTERGOV	Multi-Cnty Libr Dis,Cnty,Or Other - Recipient
173B	EXPEND	Multi-Cnty Libr Dis,Cnty,Or Other - Item #
173C		Multi-Cnty Libr Dis,Cnty,Or Other - Amount
174A		Gen Gov Activities Shared W/ Cnty - Recipient
174B		Gen Gov Activities Shared W/ Cnty - Item #
174C		Gen Gov Activities Shared W/ Cnty - Amount
175A		Highways (Payments to State) - Recipient
175B		Highways (Payments to State) - Item No.
175C		Highways (Payments to State) - Amount
176A		Other - Intergovt. Expenditures - Recipient
176B		Other - Intergovt. Expenditures - Item #
176C		Other - Intergovt. Expenditures - Amount
177A		Other - Intergovt. Expenditures - Recipient
177B		Other - Intergovt. Expenditures - Item #
177C		Other - Intergovt. Expenditures - Amount
178A		Other - Intergovt. Expenditures - Recipient
178B		Other - Intergovt. Expenditures - Item #
178C		Other - Intergovt. Expenditures - Amount
179.0		Current year's levy -- Excluding motor vehicles	307,863.	320,813.00	274,033.00	255,143.00	233,492.00	226,036.00
180.0		Current year's levy -- Motor vehicles (only)	31,456.	33,312.00	29,772.00	31,483.00	32,990.00	32,460.00
181.0	PART 6	Uncollected Taxes - Current Year's Levy Except Mot Veh	1,098.	14,124.00	1,172.00	779.00	1,232.00	1,617.00
182.0	OTHER	Uncollected Taxes - CY Levy -Motor Vehicles	4,469	4,148	3,641	3,593	4,204	4,379
183.0	DATA	Percentage of Taxes Collected - All Property %	98.36	94.84	98.42	98.47	97.96	97.68
184.0	DATA	Percentage of Taxes Collected - Exclude Motor Vehicles%	99.64	95.60	99.57	99.69	99.47	99.28
185.0		Percentage of Taxes Collected - Motor Vehicles %	85.79	87.55	87.77	88.59	87.26	86.51
186.0		Ttl Amt Salaries/Wages for Construction
187A		Capital Reserve Schools - July 1, 2009
187B		Capital Reserve Schools - June 30, 2010
188A		Capital Reserve Hospitals - July 1, 2009
188B		Capital Reserve Hospitals - June 30, 2010
189A	PART 7	Cash On Hand & in Bank - Debt Service
189B	CASH &	Cash On Hand & in Bank - Construction Bond						463,176
189C	INVEST	Cash On Hand & in Bank - All Other	159,740	162,325	218,229	1,037,313	475,579	357,858
190A	PART	Appropriations Made During FY - B(1) - B(7)
190B	8	Expenditures Made During FY - B(1) - B(7)
191.0		Investment in Property - B(1) - B(4)
192.0		Amount Expended During FY - B(5) and B(7)
193.0		Amount of Tax Revenues Taken Into Account
194A	PART 9	Amount - Total Revenues	1,306,414	1,263,899	1,528,668	1,169,894	1,585,408	1,548,745
194B	FISCAL	Amount - Subtract Refunding Bond Proceeds
194C	SUMMARY	Amount - Subtract Interfund Transfers In
194D		Amount - Net Revenues	1,306,414	1,263,899	1,528,668	1,169,894	1,585,408	1,548,745
		Calculated amount	1,306,414	1,263,899	1,528,668	1,169,894	1,585,408	1,548,745
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference
195A		Amount - Total Expenditures	1,299,326	1,274,508	1,369,503	1,418,078	1,688,024	1,917,562
195B		Amount - Subtract Pymts. to Refunded Debt Agent
195C		Amount - Subtract Interfund Transfers Out
195D		Amount - Net Expenditures	1,299,326	1,274,508	1,369,503	1,418,078	1,688,024	1,917,562
		Calculated amount	1,299,326	1,274,508	1,369,503	1,418,078	1,688,024	1,917,562
		Amounts in AGREEMENT??	Yes	Yes	Yes	Yes	Yes	Yes
		Difference

401A	Part 10	Number of residential accounts billed Water					1,373
401B	Water /	Number of residential accounts billed Sewer					1,185
402A	Sewer	Amount processed and/or purchased in units Water	41	39	38	40,020	35,538
402B	Operations	Amount processed and/or purchased in units Sewer	32	69	37	41,080	39,514
403A		Total amount billed in units - Water	36	33	30	36,178	32,152
403B		Total amount billed in units - Sewer	26	26	26	35,351	29,919
404A		Of the total in 403A above how many units were Residential W	22	23	23	25,494	21,059
404B		Of the total in 403B above how many units were Residential S					1,373
405A		Of the total in 403 above, how many units were Outside Muni W
405B		Of the total in 403 above, how many units were Outside Muni S					1,373
406A		Of the total in 405A above how many units were Residential W
406B		Of the total in 405B above how many units were Residential S
407A		Of the total in 403A, how many units were sold for redistribution
407B		Of the total in 403B how many unit were delivered in bulk	241,476	230,973	202,958	191,079	228,466
408A		Dollars related to 403A above	218,055	218,557	189,191	203,559	272,918
408B		Dollars related to 403B above	210,084	177,245	170,312	125,430	156,523
409A		Dollars related to 404A above	189,708	149,320	151,179	135,985	158,291
409B		Dollars related to 404B above					13,925
410A		Dollars related to 405A above
410B		Dollars related to 405B above					13,925
411A		Dollars related to 406A above
411B		Dollars related to 406B above
412A		Dollars related to 407A above
412B		Dollars related to 407B above	500	554	534	546
421A		Number of residential accounts billed - Water	490	508	484	500
421B		Number of residential accounts billed - Sewer	76	79	82	80
422A		Number of non-residential & bulk accounts billed - Water	74	75	78	73
422B		Number of non-residential & bulk accounts billed - Sewer	2	2	2	2	2	2
423A		Estimated percentage of accounts outside of municipal limits



950.0		Official	Marla H. Ashworth
951.0		Title	Town Administrator
952.0		Date	12/19/2011	12/17/2010	12/28/2009	12/23/2008	11/28/2007	12/29/2006
953.0		Contact	Marla H. Ashworth
954.0		Title	Town Administrator
955.0		Phone	919-936-8171
956.0		Fax	919-936-0458
957.0		E-Mail:

Go to top of page Key Ratios and Operations Statistics of Water and Sewer Systems for
Town of Princeton

	2011	2010	2009	2008	2007	2006

Population	1,203	1,443	1,376	1,256	1,227	1,201
Population Group	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499	No Electric 1,000 to 2,499
Total Operating Revenues	$0	0	0	0	0	0
Total Operating Revenues Per Capita	$0	0	0	0	0	0
Group Weighted Average Revenues Per Capita	34	289	290	290	274	263
State Weighted Average Revenues Per Capita	7	272	252	255	255	249

% to Total Operating Revenues
Operating Expenses	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	99.05%	105.51%	106.51%	104.66%	105.75%	103.04%
State Weighted Average	91.62%	83.21%	87.12%	84.06%	80.00%	79.32%

Operating Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	0.95%	-5.51%	-6.51%	-4.66%	-5.75%	-3.04%
State Weighted Average	8.38%	16.79%	12.88%	15.94%	20.00%	20.68%

Operating Transfers In	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	16.51%	10.42%	6.34%	4.91%	3.25%	3.52%
State Weighted Average	27.09%	1.59%	1.20%	1.28%	1.10%	1.57%

Operating Transfers Out	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	18.35%	1.61%	7.42%	1.88%	2.88%	15.74%
State Weighted Average	52.67%	1.55%	2.65%	3.15%	1.86%	2.84%

Net Income before capital contributions	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Group Weighted Average	-77.01%	11.11%	-26.45%	26.08%	15.63%	14.62%
State Weighted Average	643.66%	15.82%	-9.92%	18.20%	25.61%	24.40%

Key Ratios and Cash Flow

Quick Ratio	0.29	0.36	0.65	0.84	3.17	2.85
Group Weighted Average	3.96	3.33	3.09	2.80	3.18	3.56
State Weighted Average	4.02	3.21	2.82	2.96	2.91	2.83

Days Sales in Receivables	8.0	N/A	N/A	N/A	N/A	N/A
Group Weighted Average	4.1	45.5	45.4	50.5	49.9	43.3
State Weighted Average	1.2	57.9	58.5	56.7	61.6	59.8

Days Cash on Hand	0.0	0.0	0.0	0.0	0.0	0.0
Group Weighted Average	-105.6	471.6	447.9	455.0	692.9	524.2
State Weighted Average	-16.4	614.6	560.8	588.9	647.0	571.9

Cash flow from Operations	$182,084	210,365	-531,934	46,481	90,949	174,488

Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Group Weighted Average	0.27	0.24	0.26	0.29	0.27	0.28
State Weighted Average	0.22	0.59	0.54	0.54	0.55	0.55

Debt per Capita	0	0	0	0	0	0
Group Weighted Average	38	422	451	482	433	421
State Weighted Average	8	897	783	781	761	733

Capital Expenditures:	2011	2010	2009	2008	2007	2006
	$0	0	0	0	0	0

	2005	2004	2003	2002
	$1,284,581	343,019	54,123	112,331

Capital Contributions: Excluded from income above	$0	0	0	0	0	0


Operating Statistics

Estimated population of the areas served Water	0	0	0	0	1,299	NA
Estimated population of the areas served Sewer	0	0	0	0	1,185	NA

Number of Gallons of Water Processed (000) omitted	41	39	38	40,020	35,538	NA
Number of Gallons of Sewage Processed (000) omitted	32	69	37	41,080	39,514	NA

Number of Gallons of Water Billed (000) omitted	36	33	30	36,178	32,152	NA
Number of Gallons of Sewage Billed (000) omitted	26	26	26	35,351	29,919	NA

Ratio of Water Billed to Water Processed	0.86441	0.84615	0.78947	0.90400	0.90472	NA
Ratio of Sewage Billed to Sewage Processed	0.82621	0.37681	0.70270	0.86054	0.75717	NA

Total Revenue from Water Sales	241,476	230,973	202,958	191,079	228,466	NA
Total Revenue from Sewage Sales	218,055	218,557	189,191	203,559	272,918	NA

Water Revenue per 1000 gallons of Sales					175.87837	NA
Sewage Revenue per 1000 gallons of Sales					230.31055	NA

Group Average Sales per thousand Gallons Water	$0.00016	$58.68442	$27.87923	$1,769.81984	$14,046.04813	NA
Group Average Sales per thousand Gallons Sewage	$0.00023	$82.78241	$36.57171	$899.82774	$7,994.92601	NA

State Average Sales per thousand Gallons Water	$0.00381	$25.16691	$28.47236	$12,972.02948	$5,350.70834	NA
State Average Sales per thousand Gallons Sewage	$0.00272	$48.57325	$47.83284	$11,816.81710	$3,994.76021	NA

Residential Water Sales per thousand Gallons	$9,412.36559	7,706.30435	7,404.86957	4.91998	7.43259	NA
Residential Sewage Sales per thousand Gallons	$9,644.53482	7,858.94737	7,956.78947	5.38000	8.40007	NA

Water Sales per thousand Gallons outside Municipal Limits					10.14202	NA
Sewage Sales per thousand Gallons outside Municipal Limits						NA

Total Water Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	0.00000	NA
Total Sewage Sales per thousand gallons for Redistribution	$0.00000	0.00000	0.00000	0.00000	0.00000	NA

Financial Graphs and Comparisons

Analysis of Available Fund Balance: General Fund
Analysis of Property Tax Collection %
Analysis of General Obligation Debt
Analysis of Revenue (5 years)
Analyis of Revenue (most recent fiscal year)
Analysis of Expenditures by Function
Analysis of Expenditures by Object

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Analysis of Available Fund Balance: General Fund

	2007	2008	2009	2010	2011
Unit's FBA %	45.82%	22.65%	20.61%	18.96%	16.47%
Group average FBA %	65.48%	62.44%	66.05%	66.79%	73.24%
State average Electric/Non Electric Group FBA %	37.39%	36.66%	37.89%	38.71%	26.68%
State average FBA %	36.54%	36.35%	65.48%	37.47%	29.01%

Municipal Population Group: No Electric 1,000 to 2,499

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2007 2008 2009 2010 2011

Municipality 97.96% 98.47% 98.42% 94.84% 98.36%

Pop. Group 97.18% 96.86% 95.99% 95.37% 96.53%

Statewide 97.58% 97.56% 97.34% 97.36% 97.59%

Municipal Population Group: No Electric 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	97.96%	98.47%	98.42%	94.84%	98.36%
Pop. Group	97.18%	96.86%	95.99%	95.37%	96.53%
Statewide	97.58%	97.56%	97.34%	97.36%	97.59%

Municipal Population Group: No Electric 1,000 to 2,499

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2007 2008 2009 2010 2011

Municipality 252 230 195 171 188

Pop. Group 294 277 265 256 236

Statewide 478 456 455 449 450

Municipal Population Group: 1,000 to 2,499

	2007	2008	2009	2010	2011
Municipality	252	230	195	171	188
Pop. Group	294	277	265	256	236
Statewide	478	456	455	449	450

Municipal Population Group: 1,000 to 2,499

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2007 2008 2009 2010 2011

Property Tax $216 231 240 237 283

Utility 444 392 363 374 465

Sales Tax 92 88 74 68 100

Sales & Services 82 77 79 78 100

Intergovernmental 393 101 78 87 106

Debt Proceeds 0 0 0 0 6

Other Miscellaneous 65 27 45 31 25

Total $1,292 916 879 875 1,085

	2007	2008	2009	2010	2011
Property Tax	$216	231	240	237	283
Utility	444	392	363	374	465
Sales Tax	92	88	74	68	100
Sales & Services	82	77	79	78	100
Intergovernmental	393	101	78	87	106
Debt Proceeds	0	0	0	0	6
Other Miscellaneous	65	27	45	31	25
Total	$1,292	916	879	875	1,085

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2011
2011

Category Revenue
Per Capita

Property Tax $340,316
$283

Water/Sewer 5,163
4

Electric 553,966
460

Other Utilities 0
0

Sales Tax 120,700
100

Sales & Services 120,830
100

Intergovernment 127,053
106

Debt Proceeds 7,723
6

Miscellaneous 29,684
25

Total $1,305,435
$1,085

Municipal Population Group: No Electric 1,000 to 2,499

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2011
2011

Category Expenditures
Per Capita

General Government $154,881
$128

Water/Sewer 0
0

Electric 424,490
353

Other Utilities 0
0

Debt Service 184,902
154

Transportation 104,435
87

Public Safety 305,515
254

Other 125,103
104

Total $1,299,326
$1,080

Municipal Population Group: No Electric 1,000 to 2,499

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2011
2011

Category Expenditures
Per Capita

Salaries & Wages $477,874
$397

Water/Sewer Capital 0
0

Electric Capital 10,758
9

Other Capital 18,984
16

Other Operating 791,710
658

Total $1,299,326
$1,080

Municipal Population Group: No Electric 1,000 to 2,499

Last Updated 2/5/2012 2:25:12 PM



	2011	2011
Category	Revenue	Per Capita
Property Tax	$340,316	$283
Water/Sewer	5,163	4
Electric	553,966	460
Other Utilities	0	0
Sales Tax	120,700	100
Sales & Services	120,830	100
Intergovernment	127,053	106
Debt Proceeds	7,723	6
Miscellaneous	29,684	25
Total	$1,305,435	$1,085

Municipal Population Group: No Electric 1,000 to 2,499

North CarolinaDepartment of State TreasurerFinancial InformationTown of Princeton

Financial Graphs and Comparisons

North Carolina
Department of State Treasurer
Financial Information
Town of Princeton